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20130121
20130121
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Search Results 0 to 28 of about 29 (some duplicates have been removed)
down the road until april, the debt ceiling, let you raise the debt ceiling and violate the things we promised we wouldn't do to the people that elected us. in return, you guys, senate democrats come up with a budget and you haven't passed one in 1300 some days. chuck schumer says i'll make a deal and take you up on the offer guess what, in the new budget we're going to tax more, tax all you people to agreed to the deal that they just came to january 1st, that deal is done we'll keep that and give another, another bite of at that apple. stuart: this is a financial issue. it's a budget issue, so they need a straight up or down vote in the senate and the democrats have a majority in the senate, but i'll put it to you, a couple of democrats there, who are going to say we're not all for more and more and more taxes because we know what it's going to do to the economy. it's not a done deal, is it? they're pushing for it, but it ain't done. >> listen, harry reid, remember when john boehner was going to bring the vote to the house and he didn't have the votes after he'd said i'm going to bri
, but the democrats now are saying, listen, forget the debt ceiling. let's get rid of that silly little thing. but do we actually need a budget? >> so we're learning that we may finally get a budget for the first time in what, three years? significant, though, because these are just templates. >> i great, they are templates. but letting go at a time when the debt is compounding is worrying. however, having said that, you can get worried about that as a market participant, but as long as the federal reserve has open ended quantitative easing, nothing is going to happen from the long end. >> from a market point of view, we were talking about allen capper about this last hour. but from a market point of view, the best outcome is something that lowers the long-term debt outcome. but we keep get ago worsening of the long-term debt profile and a hit to the near term. that is a mix that markets understandably don't like. >> and as long as the fed is funding the federal authority so cheaply, what's their incentive to fix anything? they don't care about the long-term debt profile. they don't be here when that
to another potential issue. the republicans determination to shut down government, to let the debt ceiling hang out, to risk a loss of credit, are they still on that same front? >> i think they are seeing the handwriting on the wall. when you look at these bipartisan votes, you have paul ryan voting for higher taxes. you have both ryan and rubio voting for immigration reform now. and i think you're going to see enough votes in the center to raise the debt ceiling without any kind of -- chris: are they jumping shark on this? >> i think so. i think the public is certainly sick of it. and i also think the business community doesn't want to hear anything about shutting down the government. chris: you're the expert. i real me mean this. people advise me on making financial decisions. they think the economy looks pretty good. don't mess it up. >> it does look pretty good, as best we can tell. the one thing to remember is it's not just the debt ceiling. it's these automatic cuts that are scheduled to take place march 16789 the debt ceiling isn't their only opportunity to try to get the president
the national debt ceiling. republican leaders announced today the extension lets the government continue borrowing money until may 19. the current debt ceiling-- $16.4 trillion-- could be reached as early as mid-february. the house bill does not specify a new dollar amount. it does mandate that congress approve budgets, or lawmakers won't be paid. major league baseball lost two hall of famers over the weekend. st. louis cardinals great stan musial-- "stan the man"-- died saturday at his home just outside the city. he played 22 years, helping the cards win three world series titles in the 1940's. he was widely regarded as one of game's greatest hitters ever. stan musial was 92 years old. also saturday, former baltimore orioles manager earl weaver passed away, during a caribbean cruise. weaver won the world series in 1970, and took his teams to three others. along the way, he gained fame for his fiery, in-your-face confrontations with umpires. he was ejected from games 91 times over 17 seasons. earl weaver was 82 years old. >> brown: finally tonight, a closing reflection on the inauguratio
. that is the question of the day, isn't it, jared? the debt ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month, if we haven't hit it yet. let's take a listen to what president obama had to say about the potential battle looming in congress. >> markets had could go haywire, interest rates would spike for anybody who borrows money. every homeowner with a mortgage, every student with a college loan, every small business owner who wants to grow and hire. >> jared, how does this play out? >> well, we're beginning to hear lots of sounds from republicans that are more in a compromising mode than we heard a week ago. right now they're talking about perhaps an increase in the debt ceiling that lastins for a coup months. frankly, and russ may agree with me here, i don't think markets would react very approvingly to basically just another lurch from crisis to crisis. it wasn't too long ago that, maria, you and i were in these chairs talking about the fiscal cliff. now the debt ceiling. do you want to have this discussion two months from now? >> i think everybody believes th
off the table? >> i support the mcconnell proposal. let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the mcconnell act. >> we may have just made news. >>> last week, general colin powell was here worried about a dark vein of intolerance in republican quarters. you are part of a stream of new faces in the republican party, minority faces and voices in the party that seem to stand against that. how did you respond to it? >> well, i saw that interview. i respect general powell a great deal. i was disappointed with those comments. i think he was buying into some of the partisan attacks. if you look at this last election, for example, i think the most racially divi
the debt ceiling. do you want to have this discussion two months from now? >> i believe everybody believes this debt ceiling will be extended. you know these guys well. you worked right there with vice president biden. let me get your take on this. if we keep fighting about spending cuts and reining in the spending, how come it's always about putting the gloves on and fighting? we're not going to do this, we're not going to do that. how come we haven't seen any proposals for spending cuts? are we going to see that, you think? >> i do think so. i mean, i think that we have to go through this unfortunately, at least recent history suggests we have to go through this crisis mentality to get there. i will say this, and we shouldn't forget it. thus far, there's been $1.5 trillion in spending cuts that have been made. they're on the books. there's been $600 billion in tax increases. made, on the books. sos that over $2 trillion in deficit reduction in two years. it doesn't get us all of the way there but largely, two thirds of the way there at least within a ten-year budget window. >> russ, what
for the markets and the economy? >> i hope so. if what the republicans are talking about is let's have this debt ceiling skirmish every quarter, every three months, nobody is going to like that, especially the markets, and for very good reason. if what they're say something we're not going to play debt ceiling leverage anymore, which has obviously been the president's position, that's good. my feeling is it's probably the latter. i think there are enough kind of economic grown-ups in the room to really control the folks who have threatened to use that kind of leverage. >> but the senate has not had a budget resolution pass through the senate in, what is it, four years now? >> april, 2009. >> that feels to me pretty shameful frankly. i don't know the politics and i'm not exactly sure why that's the case, but isn't that a critical step in bridging the gap and making progress on these issues where you can not go to these sort of extra legal things like using the debt ceiling as leverage, but you can use the process as it is intended to be used. >> i agree, and it's an interesting quid pro quo for t
to the caucus, we can't win this fight publicly. let the debt ceiling go because we're going to be blamed for the economic fallout. let's push that down the road kick the can down the road, as they say, and try to get some budget out of the senate and try to get some real spending cuts in the next three months. so paul ryan and others within the caucus are seeing a longer game here than is this freshman senator from texas. >> but if you ask paul ryan what he wants to do on gun control, he would say, i don't want to do anything on gun control. you've talked to moderate republicans -- >> what about registration? >> the only thing they might do is something on registration. >> background checks. >> that's it. no idea that you're banning weapons. no chance. >> registration is the worst. >> put it on tape. 5 0% chance it passes. >> good because hunters need 30 bullets. >> if you've seen a single republican say they support that -- >> a democratic lobbyist last night working on this very issue, he said we don't have the votes. that's now, and that is before the president goes
likely i'm going to have some republicans come with me. he was tough on the debt ceiling. he was tough on the fiscal showdown. when he got tough, boehner had to let some republicans go his way. i think he want unity. the path is being tough and being clear about what he wants to get done bp. >> if you look at lift, second terms have not worked out how most presidents think they will work out. something happens. president bush, the financial crisis. president clinton, the impeachment. >> this guy is awesome. >> stuff happens. clean it up. it's family show. george w. bush never mentioned terrorism. that was the topic that dominated his term. i re-eisenhower's second inaugur inaugural. the most important thing was to send troops into little rock. i think most of these presidents have no idea what they're about to encounter. >> outside events end up shaping the legacy and how they respond. the president's maximum political power and validation is right now in this moment and in the next year. the question is does he strike while the iron is hot an does he take to the tendency which will be
with me. he was tough on the debt ceiling, he was tough on the fiscal showdown. when he got tough, finally, bainer had to let republicans go his way. i think he wants unity, but the path to unity is not kumbaya, it's being tough and being clear about what he wants to get done for the country. >> second terms have not worked out how most presidents think they're going to work out. something happens, president bush the financial crisis, president clinton the impeachment. paul, another thing you said, the inaugural is another blueprint etched in sand? >> this guy's awesome. >> the great philosopher who first said, stuff happens. president bush, who ari served -- in his first inaugural never mentioned terrorism. that was the topic that dominated his term. i reread eisenhower's inaugural, he gave a stirring speech about the cold war and confronting communism. the most important thing he did in his second term was send troops into little rock. not into berlin, but little rock to enforce desegregation, he signed the first civil rights law since the civil war. he hardly spoke about that in the sec
retreated last week. whether to extend the debt ceiling. well, maybe we will extended for three months without spending cuts. i think they're feeling their oats right now plan that was reflected by that statement by chuck schumer. lori: without question. thank you so much. love your insight. >> thank you, melissa. melissa: breaking news. the death toll from the algerian gas plant seeds climbing past 80 people as more bodies are being found. u.s. officials say that the american casualties now stand at three people. straight to fox news with more. >> well, that toll is likely to continue to increase in the coming days and maybe even weeks. aagerian officials continue to sift through the entire debris at the tax side. dozens of people are still unaccounted for. officials say they're finding dozens of mangled bodies all over the facility. it is really difficult to tell whether or not they are the bodies of hostages or the attackers. making matters worse according to algerian officials, fears a booby traps and mines all over the gas facility. melt the group is planning responsibility for th
they will allow the debt ceiling to be hiked and try to attach some spending cuts or at least say we need to be engaged in negotiations for further increase in debt hike. i think that was a recession for republicans in reality they were losing this argue uchlt. it reengineers to the point that 60 percent of americans think you have to have spending cuts right now. >> you listen to the president's senior advisor today he was talking again about a balanced approach saying whatever deal on the debt ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending cuts. none have been discussed at least in the short term are going to solve the problem. the only way you solve the problem
raise the debt ceiling, mr. president, if you agree in three months to come up with a budget? you hate that idea? >> i don't like it because how long does it take to come up with a budget? you can come up with a budget -- they've been doing budgets for the last six years and we don't come up with budgets. they haven't come up with a budget -- i was looking just before in the senate, we haven't come up with a budget in years. how long does it take? >> gretchen: they don't want to. they voted, i think it was something to zero. >> steve: 97. >> gretchen: 97 to 0 on the last attempt. it seems to be this disconnect in society where people want to took spending when you look at the poll, but then that's not really what happens on capitol hill. >> they don't want to -- the public wants it to be tackled, the americans want it to be. everybody wants it to be tackled except congress. >> steve: yeah. >> they better tackle it quickly. >> steve: we tackled the "new york times" this morning. we saw good news four and the business section. they did this thing where they looked at brand impact and "ce
Search Results 0 to 28 of about 29 (some duplicates have been removed)